Past performance does not guarantee future results. For periods less than one year, performance is not annualized. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call 1-877-277-6933. The Fund charges a fee of 1.00% on redemptions of shares held less than 30 days. The total fund expenses for Class I is 1.75%. Inception date for Class I is 3/21/2012. Source: Morningstar. Morningstar proprietary ratings reflect total return performance through December 31, 2022. The ratings are subject to change every month. The top 10% of the funds in a rating universe receive 5-stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. To view the most recent DWA Tactical: Macro Fund performance data, click here.
Not One Fund
Arrow’s DWA: Tactical "Global"
Macro Fund outperformed all Funds for these combined performance periods
(1-Year, 3-Year, 5-Year and 10-Year) among these categories (776 funds total).
Tactical Allocation
Macro Trading (Global Macro)
Multistrategy
World Allocation
Allocation (All Categories)
Past performance does not guarantee future results.
For more information on the ranking and Morningstar
categories, see additional disclosure below. Data Source: Morningstar, as of December 31, 2022, calculated by Arrow. Risk defined in disclosure
below.
Global Macro
The
Arrow DWA Tactical: Macro Fund (formerly Arrow DWA Tactical Fund) is based on the DWA RS
Global Macro investment model. It is available in Mutual Fund (DWTNX) and
ETF (DWAT) share classes.
Both structures use a systematic process as they seek to find the strongest performers across multiple global markets.
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Online Brokers CBOE: DWAT as well as the mutual fund counterparts: DWTFX (Class A), DWTTX (Class C), and DWTNX (Class I) of the DWA Tactical: Macro Fund can be found through your financial advisor or at most leading online brokers. The mutual fund can also be bought directly on our website by clicking the "Buy Direct" button to the left.
Click Icon Above to Visit Brokerage Website
Trademarks and names are the property of their respective owners and do not imply any endorsement of Arrow Funds and its affiliates. By clicking on or copying any of the links above you will be leaving the Arrow Funds site and entering a third party site. Arrow Funds is not responsible for any information contained on these third party sites. Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.
Why Global Macro?
An
investment
approach that systematically identifies and
provides exposure to leading global market strategies and may hedge risk for
prolonged market drawdowns.
Flexibility
to
shift its allocations.
Improve
portfolio
diversification.
Complement
other asset classes over time.
Discipline to Pass the Baton
Hypothetical, for illustrative purposes only.
Adaptive Portfolio
Active
tactical asset allocation mandate that is flexible and responsive to global
trends.
Ability
to go anywhere among its tactical models to adapt
and source returns.
Tactical Models:
Equity: U.S. style and
sector
rotation
International:
global dividend,
global alpha,
global inverse
Fixed Income: global
inflation,
U.S. treasury rotation, global
income
Alternative: commodity
and currency rotation,
global REIT
The graph illustrates the fund’s exposure to each market segment
and model used. (i.e. as of 2/28/2022: Equity 40.5%, International 9.3%,
Alternative 50.2%, Fixed 0% & 5 tactical models)
Past performance does not guarantee future results. Data source: calculated by Arrow, data from October 2010 through February 2022.
Leverage Dorsey Wright
Arrow
Funds has been offering unique solutions with
DWA since 2007.
Arrow
applies the disciplined capabilities of DWA research by employing a rules based buy and sell discipline.
This
approach helps identify market leadership.
Make Your Static Portfolio More
Adaptive
Adapt to enhance returns with a
tactical strategy that is constantly looking for market opportunities.
Help mitigate risk with a tactical
strategy that may bring true diversification to a sleepy portfolio.
Take Off With a Tactical Investment Approach
Top Tier Manager with strong track record.
Markets are increasingly impacted by
political events, central bank policies, and regional crises from around the
world.
Do you have tactical flexibility in your
portfolio?
Arrow Funds has disciplined
capabilities steeped in experience.
The DWA Tactical: Macro Fund could be a diversifying component
in certain portfolios.
About Arrow
Arrow Funds is a company with a passion and energy for helping investors meet their investment goals. We believe in offering sophisticated, targeted portfolio solutions for ever-changing markets.
Arrow DWA Tactical: Macro Fund vs. Endowment Benchmarks
For performance as of
the most recent calendar quarter-end, click here.
DWA Tactical: Macro Fund (SC) is the DWA Tactical: Macro Fund since the strategy change. The Strategy change was effective on August 3, 2009. The return for DWA Tactical: Macro Fund Since Change is a combination of DWATX (Class A) from August 3, 2009 to March 31, 2012 and DWTNX (Class I) from April 1, 2012 to the current period. Index returns assume reinvestment of dividends, but do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and are not available for direct investment. Categories display the returns of current US funds in the category during the time period shown, subject to survivorship and/or re-categorization. Source: Morningstar, calculated by Arrow. Past performance does not guarantee future results.For periods less than one year, performance is not annualized. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please call 1-877-277-6933. The maximum sales charge for Class A is 5.75% and may be eligible for a reduction in sales charges. The Fund charges a fee of 1.00% on redemptions of shares held less than 30 days. The total fund expenses are Class A 2.00%, Class C 2.75% and Class I 1.75%. (SI) Since Inception date for Class A and Class C is 5/30/08; Class I 3/21/12. Risk measures the degree of volatility of returns around the average return. Maximum Drawdown (Max DD) is defined as the percent of drawdown (losing period) from a peak to a low. To view the most recent performance data, visit Arrow Fund's website here.
Categories are based on
Morningstar category data. Category returns assume reinvestment of dividends
and are net of management fees, transaction costs or expenses. The number of
funds in a category will vary, subject to survivorship bias from fund closure
and recategorization. The driving
principles behind the Morningstar classification system is categories have
enough constituents to form the basis for reasonable peer group comparisons and
portfolios within a category invest in similar types of securities. The
distinctions between categories are meaningful to investors and assist in their
pursuit of investing goals. Here is a breakdown of each category. "Not One Fund" ranking used the all the ETFs and the oldest Mutual Fund share
class for the following categories listed:
Tactical
Allocation funds seek to provide capital
appreciation and income by actively shifting allocations across investments.
These portfolios have material shifts across equity regions, and bond sectors
on a frequent basis. To qualify for the tactical allocation category, the fund
must have minimum exposures of 10% in bonds and 20% in equity. Next, the fund
must historically demonstrate material shifts in sector or regional allocations
either through a gradual shift over three years or through a series of material
shifts on a quarterly basis. Within a three- year period, typically the average
quarterly changes between equity regions and bond sectors exceeds 15% or the difference
between the maximum and minimum exposure to a single equity region or bond
sector exceeds 50%. Macro
Trading
(Global Macro) are funds using either systematic or discretionary methods, look
for investment opportunities by studying such factors as the global economy,
government policies, interest rates, inflation, and market trends. As
opportunists, these funds are not restricted by asset class and may invest
across such disparate assets as global equities, bonds, currencies, and
commodities, and make extensive use of derivatives. Although these strategies
aim to provide returns that are not correlated to traditional market indexes
over a full market cycle, they can take significant directional long or short
positions on any asset class over short periods and may have relatively high
portfolio turnover. Multistrategy are funds that
offer investors exposure to two or more alternative investment strategies, as
defined by Morningstar’s alternative category classifications, through either a
single-manager or multi-manager approach. Funds in this category typically have
a majority of their assets exposed to alternative strategies, but at a minimum,
alternatives must comprise greater than 30% of the strategy’s gross exposure.
The category includes funds with static allocations to alternative strategies
as well as those that tactically adjust their exposure to different alternative
strategies and asset classes. World Allocation
are funds that seek to provide both
capital appreciation and income
by investing in three major
areas: stocks, bonds, and cash. While
these portfolios do explore the
whole world, most
of
them focus on the U.S., Canada,
Japan, and the larger markets in Europe. It is rare
for
such portfolios to invest
more than 10% of their
assets in emerging markets. These
portfolios typically have at least 10% of assets
in bonds, less than 70% of assets
in stocks,
and at least 40% of assets
in non-U.S.
stocks or bonds. The following are Allocation (all Categories): Allocation—15% to 30% Equity Funds in allocation categories seek to provide both income
and capital appreciation
by investing in multiple asset
classes, including stocks, bonds,
and cash. These
portfolios are dominated by domestic holdings
and have equity exposures between
15% and 30%. Allocation—30% to 50% Equity Funds in allocation categories seek to provide both income
and capital appreciation
by investing in multiple asset
classes, including stocks, bonds,
and cash. These portfolios
are
dominated by domestic holdings
and have equity exposures
between 30% and
50%. Allocation—50% to 70% Equity
Funds
in allocation
categories seek to provide both income
and capital appreciation
by investing in multiple asset
classes, including stocks, bonds,
and cash. These portfolios
are
dominated by domestic holdings
and have equity exposures between
50% and 70%. Allocation—70% to 85% Equity.
Funds
in allocation
categories seek to provide both income
and capital appreciation
by investing in multiple asset
classes, including stocks, bonds,
and cash. These portfolios
are
dominated by domestic holdings
and have equity exposures between
70% and 85%. Allocation—85%+
Equity Funds in allocation
categories seek to provide both income
and capital appreciation
by investing in multiple asset
classes, including stocks, bonds, and cash.
These portfolios are dominated
by domestic holdings
and have equity exposures of over 85%. These
funds typically allocate
at least 10% to equities of foreign companies
and do not exclusively allocate between cash
and equities. Convertibles Convertible-bond portfolios are designed to offer some of the capital-appreciation
potential of stock
portfolios while also
supplying some of the safety
and yield of bond portfolios. Target-Date
Categories: These portfolios aim
to provide investors with an optimal level of return and risk, based solely on
the target date. Management adjusts the allocation among asset classes to more-
conservative mixes as the target date approaches, following a preset glide
path. A target-date portfolio is part of a series of funds offering multiple
retirement dates to investors. Target-Date 2000-2010 Target-date portfolios provide diversified exposure to stocks,
bonds, and cash
for those investors who have a specific date
in mind
(in this case, the years
2000-2010) for retirement. Target-Date
2015 Target-date portfolios provide diversified exposure to stocks,
bonds, and cash
for those investors who have a specific date
in mind
(in this case, the years
2011-2015) for retirement. Target-Date
2020 Target-date portfolios provide diversified exposure to stocks,
bonds, and cash
for those investors who have a specific date
in mind
(in this case, the years
2016-2020) for retirement. Target-Date 2025
Target-date portfolios provide
diversified exposure to stocks, bonds,
and cash for those investors who have a specific date
in mind
(in this case, the years
2021-2025) for retirement. Target-Date 2030
Target-date portfolios provide
diversified exposure to stocks, bonds,
and cash for those investors who have a specific date
in mind
(in this case, the years
2026-2030) for retirement. Target-Date 2035
Target-date portfolios provide
diversified exposure to stocks, bonds,
and cash for those investors who have a specific date
in mind
(in this case, the years
2031-2035) for retirement. Target-Date 2040
Target-date portfolios provide
diversified exposure to stocks, bonds,
and cash for those investors who have a specific date
in mind
(in this case, the years
2036-2040) for retirement. Target-Date
2045 Target-date portfolios provide diversified exposure to stocks,
bonds, and cash
for those investors who have a specific date
in mind
(in this case, the years
2041-2045) for retirement. Target-Date
2050 Target-date portfolios provide diversified exposure to stocks,
bonds, and cash
for those investors who have a specific date
in mind
(in this case, the years
2046-2050) for retirement. These portfolios
aim to provide investors with an optimal
level of return
and risk,
based solely on the target date. Management adjusts the allocation among asset classes to more- conservative
mixes as the target date approaches, following a preset
glide path. A target-date portfolio
is part of a series of funds
offering multiple retirement dates to
investors. Target-Date
2055 Target-date portfolios provide a diversified exposure to stocks, bonds,
and cash for those investors who have a specific date
in mind
(in this case, the years 2051-2055
and beyond) for retirement.
Target-Date
2060+ Target-date portfolios
provide a diversified exposure to stocks, bonds, and
cash for those investors
who have a specific date in
mind (in this case, the year 2060 and beyond)
for retirement. These
portfolios aim to
provide investors with an optimal level of return
and risk,
based solely on the target
date. Management adjusts the allocation
among asset classes to more-conservative
mixes as the target date approaches,
following a preset glide path. A target-
date portfolio is part of a series
of funds offering
multiple retirement dates to investors.
Target-Date 2065+ Target-date portfolios provide a diversified
exposure to stocks, bonds, and cash for those investors who have a specific
date in mind (in this case, the years 2061-2065 and beyond) for retirement. Target-Date Retirement Target-Date Retirement portfolios
provide a mix of stocks, bonds,
and cash for those investors already
in or entering retirement. These portfolios tend
to be managed to more of a conservative asset-allocation strategy.
These portfolios aim to provide
investors with steady income
throughout retirement.
The Arrow DWA Tactical: Macro Fund may not be suitable for all investors. The fund may invest in commodity-related securities, which may be subject to greater volatility than investments in traditional securities. The fund may invest in international and emerging market securities, which may be subject to special risks including fluctuations in currency, government regulation, differences in accounting standards and liquidity. Investing in small-cap securities may have special risks, including wider variations in earnings and business prospects than larger, more stablished companies. The fund may invest in real estate-related securities, which may be subject to mortgage-related risks and real estate market fluctuations. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit and inflation. The maximum sales charge for Class A is 5.75% and may be eligible for a reduction in sales charges. The Fund charges a fee of 1.00% on redemptions of shares held less than 30 days. The total fund expenses are Class A 2.00%, Class C 2.75% and Class I 1.75%. Inception date for Class A and Class C is 5/30/08; Class I 3/21/12.
Arrow DWA Tactical: Macro ETF may not be suitable for all investors. Exchange traded products are bought and sold at market price, not NAV, and are not individually redeemed from the fund. Buying and selling shares generally results in brokerage commissions which will reduce returns. The market price may be higher (premium) or lower (discount) than the Net Asset Value (NAV). The fund may invest in commodity-related securities, which may be subject to greater volatility than investments in traditional securities. The fund may invest in international and emerging market securities, which may be subject to special risks including fluctuations in currency, government regulation, differences in accounting standards and liquidity. Investing in small-cap securities may have special risks, including wider variations in earnings and business prospects than larger, more established companies. The fund may invest in real estate-related securities, which may be subject to mortgage-related risks and real estate market fluctuations. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit and inflation.
To view the most recent performance data, visit Arrow Fund's website here. Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risks, including the potential for loss of principal. An investor should consider the fund’s investment objective, charges, expenses and risks carefully before investing. This and other information about the fund is contained in the fund’s prospectus, which can be obtained by calling 1-877-277-6933.
Content reviewed by an affiliate, Archer Distributors, LLC.
